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THE ARCHITECT 401(K)PLAN - WCF FINANCIAL BANK 401k Plan overview

Plan NameTHE ARCHITECT 401(K)PLAN - WCF FINANCIAL BANK
Plan identification number 003

THE ARCHITECT 401(K)PLAN - WCF FINANCIAL BANK Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

WCF BANCORP, INC. has sponsored the creation of one or more 401k plans.

Company Name:WCF BANCORP, INC.
Employer identification number (EIN):812510023
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE ARCHITECT 401(K)PLAN - WCF FINANCIAL BANK

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032021-01-01
0032020-01-01
0032019-01-01
0032018-01-01
0032017-01-01
0032016-01-01

Plan Statistics for THE ARCHITECT 401(K)PLAN - WCF FINANCIAL BANK

401k plan membership statisitcs for THE ARCHITECT 401(K)PLAN - WCF FINANCIAL BANK

Measure Date Value
2022: THE ARCHITECT 401(K)PLAN - WCF FINANCIAL BANK 2022 401k membership
Total number of particpants at beginning of year2022-03-0126
Total number of particpants at end of year2022-03-0125
Number of Participants With Account Balances2022-03-0123

Financial Data on THE ARCHITECT 401(K)PLAN - WCF FINANCIAL BANK

Measure Date Value
2022 : THE ARCHITECT 401(K)PLAN - WCF FINANCIAL BANK 2022 401k financial data
Total expenses incurred by plan in this plan year2022-03-0152478
Net assets as of the end of the plan year2022-03-01422995
Total assets as of the beginning of the plan year2022-03-01321298
Value of plan covered by a fidelity bond2022-03-0125000
Participant contributions to plan in this plan year2022-03-0177721
Other income to plan in this plan year2022-03-0141427
Plan net income in this plan year2022-03-01101697
Net assets as of the end of the plan year2022-03-01422995
Net assets as of the beginning of the plan year2022-03-01321298
Employer contributions to plan in this plan year2022-03-0135027
Expensese paid to adminstrative service provicers from plan in this plan year2022-03-01375

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